Zions Bancorporation National Association UT Grows Stock Position in Intuit Inc. $INTU

Zions Bancorporation National Association UT raised its position in Intuit Inc. (NASDAQ:INTU) by 8.5% in the 2nd quarter, Holdings Channel reports. The fund owned 11,044 shares of the software maker’s stock after purchasing an additional 866 shares during the period. Zions Bancorporation National Association UT’s holdings in Intuit were worth $8,699,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in INTU. Brighton Jones LLC boosted its position in Intuit by 61.3% in the 4th quarter. Brighton Jones LLC now owns 3,552 shares of the software maker’s stock valued at $2,233,000 after buying an additional 1,350 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Intuit by 145.6% in the fourth quarter. Revolve Wealth Partners LLC now owns 813 shares of the software maker’s stock worth $511,000 after acquiring an additional 482 shares in the last quarter. Wealth Group Ltd. acquired a new position in shares of Intuit in the first quarter worth about $493,000. Allworth Financial LP boosted its holdings in Intuit by 3.0% in the first quarter. Allworth Financial LP now owns 3,014 shares of the software maker’s stock valued at $1,853,000 after purchasing an additional 87 shares during the last quarter. Finally, Fidelis Capital Partners LLC grew its stake in Intuit by 6.6% during the 1st quarter. Fidelis Capital Partners LLC now owns 1,830 shares of the software maker’s stock valued at $1,142,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.

Intuit Stock Performance

Intuit stock opened at $648.85 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.36 and a quick ratio of 1.36. Intuit Inc. has a 12 month low of $532.65 and a 12 month high of $813.70. The company has a fifty day moving average price of $668.65 and a two-hundred day moving average price of $705.20. The company has a market cap of $180.90 billion, a PE ratio of 47.22, a P/E/G ratio of 2.53 and a beta of 1.25.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, August 21st. The software maker reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Intuit had a net margin of 20.55% and a return on equity of 22.72%. The company had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the company earned $1.99 earnings per share. The firm’s revenue was up 20.3% compared to the same quarter last year. Intuit has set its Q1 2026 guidance at 3.050-3.120 EPS. FY 2026 guidance at 22.980-23.180 EPS. Research analysts expect that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 9th were issued a $1.20 dividend. This is an increase from Intuit’s previous quarterly dividend of $1.04. This represents a $4.80 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, October 9th. Intuit’s dividend payout ratio is 34.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on INTU. Stifel Nicolaus cut their target price on Intuit from $850.00 to $800.00 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Zacks Research cut shares of Intuit from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. UBS Group reduced their price objective on shares of Intuit from $750.00 to $725.00 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Bank of America decreased their price objective on shares of Intuit from $875.00 to $800.00 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, KeyCorp cut their target price on shares of Intuit from $850.00 to $825.00 and set an “overweight” rating on the stock in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Intuit currently has an average rating of “Moderate Buy” and an average price target of $791.82.

Insider Buying and Selling at Intuit

In related news, Director Richard L. Dalzell sold 333 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $661.15, for a total transaction of $220,162.95. Following the completion of the transaction, the director owned 14,475 shares in the company, valued at $9,570,146.25. The trade was a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Scott D. Cook sold 529 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $664.99, for a total value of $351,779.71. Following the transaction, the director owned 6,162,547 shares of the company’s stock, valued at approximately $4,098,032,129.53. The trade was a 0.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,407 shares of company stock worth $1,614,913 over the last ninety days. Company insiders own 2.68% of the company’s stock.

Intuit Profile

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.